Search the Community

CNN. Broadcasting While Trying To Remove The Lien On My Camel ! Some Iraqi Dude Is Willing To Trade Me 3 Goats + A Moped For It ! BAGHDAD (Iba) .. Considered a member of the Finance Committee MP Najiba Najib, said the draft restructuring of the Iraqi currency and the removal of three zeroes is a critical necessity for being a project of economic feasibility and large positive effects. Najib said in a statement to the independent press agency (IBA) on Monday, "said the draft restructuring Iraqi currency despite face challenges and difficulties economic, security and political, but a feasibility great for the country, noting that" the project is a necessity that must be implemented on the ground in the period Current ". ARTICLE & LINK BELOW MOK45: "the project is a necessity that must be implemented on the ground in the period Current ". - you tell them girl. "including the law which guarantees debt to the creditor the right amount condemned after the deletion of zeros." - you don't need this sort of law if you are going to L O P. You only need this sort of law if the currency value is going to raise. ... DARJOHN: T-girl thank you !! Looks like they are getting the news out to the people of Iraq, re; the change.And she is saying in current period ! T-lar your saying re; July might be spot on dude !! (temp on the island today, 80 with showers, life is good ) KAPERONI: As I said last night in other posts. There is no LOP. Sit tight, "let it come to us." As this article mentions..Shabibi has a stellar reputation with the world. The plan has not changed to bring value to the dinar..only the method may have. In any event, one with that reputation, does not screw the very people he negotiated with for debt forgiveness. It has been stated by numerious individuals that the printed face value of the paper dinar will remain. That is all we care about. The dinar will rise, hopefully in the very near future. But as I said at least a 100 times, do not expect a RV, but a gradual rise (float) over a period of time which will gradually remove all remaining notes in country as mentioned above. In fact, Najiba Najib says it could take two years (I beleive 6 months or less to get to 1 to $1) to complete this process which is even more confirmation of a float INVESTOR2012: To: Anyone What exactly is "the period Current"? Here is an article and a reply from another person I greatly respect, who is involved in this investment; FNBPlanet. Finance Committee suggest direct delete the zeros and the currency exchange in July of next year 08/10/2012 Alsumaria News / Baghdad Suggested the parliamentary Finance Committee, Thursday, to be direct delete the zeros and the currency exchange during the month of July of next year, and showed that the central bank has removed all fears, it confirmed that the government will support this project after providing Baijayate and disadvantages. A member of the Committee Haitham al-Jubouri said in an interview for "Alsumaria News", "Finance Committee supports the project to delete the zeros and the currency exchange, and must involve the government in this project as responsible for drawing up the financial policy of the country," likely to "be direct this project during the month of July next year 2013. " The Jubouri that "the central bank has removed all fears of the process of switching the currency, after warnings of a money laundering operations or increase the size of inflation," adding that "the form of competent committees to control it." Juburi stressed that "the Iraqi government did not object to the origin of the project, but objected to the lack of knowledge of this," pointing to "that they will support the project after providing them with positive aspects and cons of the project." The Finance Committee of the House of Representatives expressed, on 13 July 2012, support for the replacement of the existing currency, while stipulated the central bank's willingness to move, confirmed that the bank needs another year to begin the replacement process. As announced, (11 July 2012), a willingness to clarify the reasons for reluctance of the Council of Ministers on the currency exchange despite the fact that the central bank confirmed its ability to it without a fraud affecting the national economy. And announced by the Finance Committee parliamentary Najiba Najib in (the third of July 2012), that the budget for next year 2013, will be the new currency after deleting three zeros from the current currency, arguing that the reluctance of traders and companies from trading in Iraqi currency behind the adoption of the Central Bank project to delete the zeros. And hosted the Knesset Finance Committee, in (26 June), Deputy Governor of the Central Bank the appearance of Mohammed Saleh to discuss the mechanism which will be followed by the bank in the process of deletion of zeros and how long this process and the variables that will occur on the currency exchange. Jubouri was revealed on May 15, 2012, to January of next year, 2013, will deleting three zeros and currency exchange, coming September will see the 2012 direct printing of the new currency in various categories. He accused the Central Bank, (12 September 2011), government agencies of obstructing monetary reform and vowed the persecuting, blaming those entities responsible for exposing the financial interests of the country to danger. Regarded as an adviser to Prime Minister for Economic Affairs Abdullah Hussein Al-Anbuge, in (25 August 2011), that the lifting of the zeroes from the currency is the biggest corruption in Iraq if it was during this period, and fall under the name of tampering economic, warning of "mafias currency" is preparing to rig the trillions Iraqi dinars to replace them in the light of the upcoming changes. Noteworthy that some economists believe that Iraq is currently formatted for the deletion of zeros from the Iraqi dinar, pointing out that the deletion needs to security and political stability as well as economic stability. http://dinaralert.webs.com/apps/forums/topics/show/8176921-parliamentary-finance-initiation-delete-zero-s-july-2013 fnbplanet: It is my understanding, after reading a Kaperoni article, that their definition of a "period" is a financial quarter. In the other article posted today regarding Najiba Najib stating that the restructuring of the currency "must be implemented on the ground in the period Current ". that would mean before or on July 1st. The above article confirms this intent. Just thought I'd join in on the fun. Carrello: This must be the law that Kap has talked about so often: "...including the law which guarantees debt to the creditor the right amount condemned after the deletion of zeros..." Thank you Tgirl! I think we can say that there is a public education program in progress Tlar: Joeg, although its still up in the air as to when this will happen or how, until it actually does happen, the bank is definitely taking a stronger , more defiant stand than it has since early 2011. Maliki is not going to change. He does not have the best interests of Iraq in mind. I think we can all agree on that. The bank is an indepenent body who is charged with the monetary responsibility in Iraq. In the last three days we have seen three articles where the CBI has said "we are independent". They have said in the numerous articles above that they "are" doing this. They also threatened to sue anyone falsely accusing the bank of corruption. They just sued Jawad. Jawad works for Maliki. Maliki, through Jawad, stuck his hand in to try to regain control of the bank, to take it back from the "outsiders if you will." His failed attempt makes it highly unlikely that he will be able to turn around and do this again quickly, because of the now recognized decision by Integrity that the accusations against Shabibi and subsequent arrest warrants were politically motivated. It looks every bit to me as though Maliki has lost complete control of the CBI and by proxy, monetary policy. The truth is the CBI can do this without him or the governments approval. To me it looks as though the powers running the bank have come to realize that this government will never approve of this move so those powers have decided to move anyway. The phaze of trying to appease Maliki look to me to be over. We know Maliki has stalled this process, probably acting under orders from Iran. The decision to make this change and the reprocussions of its outcome will be good for Iraq, and it certainly can't be bad for the bank. I know as I say this, we have not heard the last of this from Maliki. This is why I said in my earlier post that it is imparitive that the bank jumps on this immediately before Maliki can regroup and come back swinging. That's part of the reason I suggested July 1st as the very first opportunity to get this done. It is the beginning of the next accounting period and it does coincide with Finances pledge to support the change on this date. Kaperoni: Carrello, yes this is the law that must be passed before this can happen... "The project needs to solidarity and cooperation of all government institutions from the central bank and owes the executive and parliament to legislate some laws, including the law which guarantees debt to the creditor the right amount condemned after the deletion of zeros." FULL ARTICLE & LINK: BAGHDAD (Iba) .. Considered a member of the Finance Committee MP Najiba Najib, said the draft restructuring of the Iraqi currency and the removal of three zeroes is a critical necessity for being a project of economic feasibility and large positive effects. Najib said in a statement to the independent press agency (IBA) on Monday, "said the draft restructuring Iraqi currency despite face challenges and difficulties economic, security and political, but a feasibility great for the country, noting that" the project is a necessity that must be implemented on the ground in the period Current ". ARTICLE & LINK BELOW He added, "The project needs to solidarity and cooperation of all government institutions from the central bank and owes the executive and parliament to legislate some laws, including the law which guarantees debt to the creditor the right amount condemned after the deletion of zeros." She noted that "the former Directors of the Central Bank, led by Sinan Shabibi and the appearance of Mohammed Saleh recommended this project to the decisive endings and negotiated with international companies sober have a strong reputation in the world in terms of accuracy and reduce the incidence of fraud and counterfeit currency." She is a member of the Finance Committee that "the great harmony between institutions of the state executive and legislative measures will increase the success of the process especially since the period in which they will be removing the zeros will take more than two years." The parliamentary Finance Committee confirmed that the central bank, according to the official correspondences begin this year procedures for the deletion of three zeros from the local currency, stressing that it would lead to the development of cash transactions and international economic. (End) LINK